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Calidad institucional y crecimiento económico: nuevos avances y evidencia

Author

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  • José Aixalá Pastó

    (Universidad de Zaragoza)

  • Gema Fabro Esteban

    (Universidad de Zaragoza)

Abstract

The aim of this paper is to analyse the effect of institutions on economic growth. On the one hand, we present an analysis of the existing theoretical and empirical studies, which have achieved wide consensus regarding the positive effects of institutional quality. On the other hand, we identify a good number of pending questions and generated debates which require further research. For instance, not all institutional dimensions have the same impact on development and some authors do not agree with the thesis that the influence of geographical factors upon growth is only produced through institutions. Moreover, the type of indicator, the sample of countries and the methodology used may greatly condition the achieved results.

Suggested Citation

  • José Aixalá Pastó & Gema Fabro Esteban, 2011. "Calidad institucional y crecimiento económico: nuevos avances y evidencia," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 77(02), pages 126-157.
  • Handle: RePEc:ekz:ekonoz:2011208
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    More about this item

    Keywords

    economic growth; institutional quality;

    JEL classification:

    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • P47 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Performance and Prospects

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